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Item No. 7.
Regular City Council Meeting
Consider approval to authorize PAC Blue Aerospace, an Alaska Corporation, a new lease agreement on Building No. 755.
PAC Blue Aerospace, request to lease the building for the purpose of maintenance, repair and overhaul (MRO) activities. Building space is 3,669 square feet. Monthly rent is $750; $9,000 annually.
PAC Blue Aerospace, monthly rent is $750; $9,000 annually. Term: February 1, 2019 through January 31, 2024.
The City Attorney has reviewed the lease.
BOARD AND COMMITTEE ACTION:
The Legal Committee recommended (3-0) approval at their meeting on January 31, 2019.
Consider approval of the lease as presented.
PAC Blue Aerospace
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